The NHL hasn’t even announced a schedule yet, but according to Vegas, the Rangers are again a Stanley Cup contender, while the Islanders…well they’re the Islanders.

The odds released by betting site Bovada.com have the Rangers at 17/2 favorites to hoist the Stanley Cup, second only behind the Penguins (8/1). The Islanders, at 66/1, have the second-worst odds of any team in the NHL. Only the 100-1 Blue Jackets, who finished with the league’s worst record last season, behind them. Columbus also traded Rick Nash, their franchise player, to the Rangers in the offseason.

Last year’s champion Los Angeles Kings, who were the first No. 8 seed to win the Cup, came in tied for fourth-overall with the Flyers at 12/1. The Devils, who lost captain Zach Parise to free agency and lost to Los Angeles in the finals, came in at 30/1.

The Rangers, who were the No. 1 seed in the Eastern Conference last year before falling to the Devils in the Eastern Conference finals, have 19/4 odds to win the Conference this year, trailing Pittsburgh (4/1) again. The Devils (15/1) ranked in the middle of the pack, while the Islanders (33/1) are the long shots. Prior to the 2011-2012 season, the Rangers had 35/1 odds to win the Cup, with the Devils at 30/1 and the Islanders at 70/1.

The Presidents Trophy-winning Canucks were third at 9/1 to win the Stanley Cup, and favorites to win the Western Conference (9/2).